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Vraj Iron and Steel Limited IPO

Vraj Iron and Steel Limited IPO was engaged in their company manufactures sponge iron, M.S. billets, and TMT bars under the Vraj brand. They have two manufacturing plants in Raipur and Bilaspur, Chhattisgarh, covering 52.93 acres. As of December 31, 2023, their total installed capacity was 231,600 tons per year, including both intermediate and final products. Their Strategies are Integrated and well-established manufacturing setup, Manufacturing plants are strategically located, supported by robust architecture, leading to cost efficiencies and a stable supply chain, Diversified product mix with strong focus on value added products

Company Promoters

• Vijay Anand Jhanwar

• Kusum Lata Maheshwari,Gopal Sponge 

• Power Private Limited

• V.A. Transport Private Limited 

• Kirti Ispat Private Limited

• Bhinaswar Commercial Private Limited 

• Andutkal Ispat Private Limited

Objects of this Issue:

• Funding for Capital Expenditure towards the “Expansion Project” at the Bilaspur Plant.
• Repayment or prepayment of borrowings from HDFC Bank obtained by the company for the capital expenditure towards the "Expansion Project" at Bilaspur Plant.
• Capital expenditure towards the “Expansion Project” at Bilaspur Plant.
• General Corporate Purposes.

Financial Information of the Company:

Vraj Iron and Steel Limited IPO Schedule

1.     Bid or Offer Opens on: 26 June 2024
2.     Bid or Offer Closes on: 28 June 2024
3.     Finalization of BoA: 01 July 2024
4.     Initiation of Refunds: 02 July 2024
5.     Credit of share to Demat account: 02 July 2024
6.     Listing Date: 03 July 2024

Vraj Iron and Steel Limited IPO Lot Size

The market lot size of the VRAJ IRON AND STEEL LIMITED IPO is 1 share. Minimum and Maximum order quantity is as follows:

Company Contact Details:

Vraj Iron and Steel Limited IPO

First Floor, Plot No 63& 66, Ph No 113,

Mother Teresa Ward No. 43, Jalvihar Colony,

Raipur, Chhattisgarh, India, 492001.

Phone:  +91-771-4059002

Email:  info@vrajtmt.in

Website: www.vrajtmt.in

Vraj Iron and Steel Limited IPO Registrar Details:

Bigshare Services Private Limited

S6-2, 6thFloor, Pinnacle Business Park, Mahakali Caves Road,

Next to Ahura Centre, Andheri East,

Mumbai –400093 Maharashtra, India

Phone: +91 22 6263 8200

Email: ipo@bigshareonline.com

Website: www.bigshareonline.com